SIE practice questionmediumSEC - Enforcement Actions
If a broker-dealer is suspected of securities fraud, which agency is primarily responsible for investigating and prosecuting the violation?
- AMSRB
- BSEC✓ Correct answer
- CFDIC
- DNYSE
Explanation
Why B — SEC
The SEC is the main enforcement authority for federal securities laws, including fraud. MSRB writes municipal rules, FDIC covers banks, and NYSE has limited enforcement power over its members.
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